, In 1993, Reliance turned to the overseas capital markets for funds through a global depository issue of Reliance Petroleum. RInfra is a constituent of the Reliance Group, one of the leading business houses in India, and fastest growing companies in the infrastructure sector with turnover of Rs 18,852 crore and market capitalization of over Rs 11,300 crore know more.  In 1979, a textiles company Sidhpur Mills was amalgamated with the company. The PIL alleged that RJIL was allowed to provide voice telephony along with its 4G data service, by paying an additional fees of just INR16580 million (US$280 million) arbitrary and unreasonable, and contributed to a loss of INR228420 million (US$3.8 billion) to the exchequer. , In 1995/96, the company entered the telecom industry through a joint venture with NYNEX, USA and promoted Reliance Telecom Private Limited in India. At Reliance - Anil Dhirubhai Amabani Group, we recognise the critical role that our people play in the success and growth of each of our businesses. , The company's petrochemical, refining, oil and gas-related operations form the core of its business; other divisions of the company include cloth, retail business, telecommunications and special economic zone (SEZ) development. , The Hazira petrochemical plant was commissioned in 1991–92. Read More >> in  In 2001–02, Reliance Petroleum was merged with Reliance Industries. Contact us today if you’re interested to learn more. As of 2020, Reliance enjoys global presence, being the largest yarn and fibre producer in the world and is among the top ten petrochemical products producer in the world. We pride ourselves on our ability to design and execute innovative, cost-effective solutions to even the most complex global logistics challenges. , The CAG in its draft report alleged rigging of the auction mechanism, whereby an unknown ISP, Infotel Broadband Services Pvt Ltd, acquired the spectrum by bidding 5000 times its net worth, after which the company was sold to Reliance Industries. The only domestic deal worth writing about was Reliance Retail buying the retail, wholesale, logistics and warehousing businesses of Future Group for $3.3 billion. Brokerage was found to have received funds from other client bank accounts other than the ones available to it, thus failing to have a sound third-party check on the receipt of payments. RSL had failed to update client details despite the stock exchanges pointing this out in their inspection reports. Logistics and Supply Chain Management Across the country to around the world, RLG services encompass your entire supply chain. Reliance Retail will acquire the retail, wholesale, logistics and warehousing businesses of the Future Group.  Subsequently, the two companies agreed to form an independent expert panel to probe any pilferage. After suffering a stroke in 1986, he handed over the daily operations of the company to his sons Mukesh Ambani and Anil Ambani. , A business jet owned by Reliance Industries (RIL) was grounded by The Directorate General of Civil Aviation (DGCA) on 22 March 2014 during a surprise inspection, for carrying expired safety equipment on board; its pilot was also suspended for flying without a licence. RLG is an international air, sea, and land-based logistics provider established in 2013. , Indian multinational conglomerate company, CS1 maint: multiple names: authors list (, integrated petrochemical complex at Jamnagar, Talk:Reliance Industries/Archives/2013#Merge proposals, Reliance Industrial Infrastructure Limited, List of corporations by market capitalisation, "Reliance Industries Ltd. Share holding pattern", "Top '100' companies by market capitalisation as on July 19, 2017", "RIL becomes India's biggest company in revenue terms", "RIL becomes first Indian company to cross $200 billion in market valuation", "Reliance Industries Consolidated Balance Sheet, Reliance Industries Financial Statement & Accounts", "Ambani: From a gas station attendant to Reliance owner", "Company History – Reliance Industries Ltd", "Reliance Industries: Milestones of an oil giant – Slide 4", "Reliance Industries: Milestones of an oil giant – Slide 8", "Reliance Industries: Milestones of an oil giant – Slide 9", "Krishna-Godavari basin to yield 160mt oil: RIL", "Ministry of Environment Forest and Climate Change Government of India", "IPCL set to merge with Reliance Industries", "Reliance-IPCL merger swap ratio set at 1:5", "Coming to your neighbourhood – Reliance Fresh", "Reliance Industries to acquire Infotel Broadband", "BP partners Reliance in $7.2 billion Indian oil hunt", "Reliance Industries, BP complete $7.2-billion deal", "RIL, Russia's Sibur join hands for Jamnagar butyl rubber unit", "Reliance to buy Google-backed tech start-up Shopsense Retail", "Reliance Industries >> Shareholding Pattern - March 2017", "Reliance Industries buyback: Beyond face value", "S&P raises credit rating on RIL to 'BBB+, "Rating Action: Moody's assigns definitive Baa2 rating to Reliance's USD senior unsecured perpetual notes", "RIL lines up close to $1 billion plan in aerospace sector, may hire around 1,500 people", "Subsidiaries and major Associates of RIL", "RIL's new digital unit christened Jio Platforms Ltd", "Rejig of group structure at RIL paves way for Jio stake sale", "FACEBOOK TO INVEST ₹ 43,574 CRORE IN JIO PLATFORMS FOR A 9.99% STAKE. The CAG also faulted RIL for limiting the competition in contracts, stating that RIL awarded a $1.1 billion contract to Aker on a single-bid basis. RIL was ranked at 25th position across the world, on the basis of sales, in the ICIS Top 100 Chemicals Companies list in 2012. Reliance Logistics, Inc. is trucking company providing freight transportation services and hauling cargo. Find out why you should rely on us today! HH Awards Complex, 2nd December Street Jumeirah, Dubai, UAE: Tel : +971 4 386 3330: Fax : +971 4 386 3332  On 8 May 1973, it became Reliance Industries Limited. As early as 1996, Outlook magazine addressed other controversies related to fake and switched shares; insider trading; and a nexus with the state-owned Unit Trust of India.  Reliance also formed a 50:50 joint venture with BP for sourcing and marketing of gas in India. Younger brother Anil Ambani received telecom, power, entertainment, and financial services business of the group. The then minister of state for finance Namo Narain Meena, on 1 December 2009, in a written response to a query raised in the Upper House of Parliament, said that three firms of R-Adag—R-Infra, RNRL and RCom—had violated overseas debt norms. Billionaire Mukesh Ambani's Reliance Industries on Saturday announced acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business. About Reliance.  It has issued approx. It is also the highest income tax payer in the private sector in India. , The company was co-founded by Dhirubhai Ambani and Champaklal Damani in 1960's as Reliance Commercial Corporation. It also had 1,58,196 temporary employees on the same date which makes a total of 187,729 employees. Reliance Logistics, Inc. is a licensed and bonded freight shipping and trucking company running freight hauling business from Surrey, British Columbia. This order followed a Sebi investigation into RSL's books and accounts for fiscal 2007 and fiscal 2008, which said that it had allegedly violated various clauses of Sebi stock brokers and sub-brokers regulations.  He also said that the differences "are in the private domain". LARGEST FDI FOR MINORITY INVESTMENT IN INDIA. Two group firms, Reliance Infrastructure Ltd (R-Infra) and Reliance Natural Resources Ltd (RNRL) were barred from making such investment until December 2012. Reliance Infrastructure.  In 1966, Reliance Textiles Engineers Pvt. Future Group, in a deal with Reliance Retail in August 2020, agreed to sell its retail, logistics and wholesale business to Reliance Retail in a slump sale for Rs 24,713 crore.  In October 2005, the split of Reliance Group was formalised. Reliance continues to be India's largest exporter, accounting for 8% of India's total merchandise exports with a value of ₹1,47,755 crore and access to markets in 108 countries. Reliance Industries on Saturday said it has agreed to acquire the retail and wholesale business and the logistics and warehousing business of Future Group in a deal valued at $3.38 billion, including debt. Reliance Global Logistics is a company that provides transportation and logistics services for various clients. Our comprehensive global service network can provide systematic network transportation and a full range of supply chain services to meet all of your needs, both domestic and international. The Company changed its name from Reliance Logistic Pte Ltd to Reliance Products Pte Ltd on 02 Sep 2011. • Book now or later • Available in 250 cities worldwide • Fully integrated booking through API The company was selected as one of the world's 100 best managed companies for the year 2000 by. In November 2009, Reliance Industries issued 1:1 bonus shares to its shareholders. , In July 2012, RIL informed that it was going to invest US$1 billion over the next few years in its new aerospace division which will design, develop, manufacture, equipment and components, including aircraft, engine, radars, avionics and accessories for military and civilian aircraft, helicopters, unmanned airborne vehicles and aerostats. Family, holds approx showed connectivity problems at the time to learn your business [ 29,... And Reliance power hauling cargo Reliance Communications, Reliance infrastructure, Reliance infrastructure, natural... Moody 's rated `` Baa3, Investment grade, constrained by the sovereign ceiling '', retail and. Issued 1:1 bonus shares to its shareholders 21 ] IPCL 's Nagothane and Dahej manufacturing complexes came under RIL IPCL. % in March 2015 as per latest Report released by the organisation attrition rate was 7.5.... And Champaklal Damani in 1960 's as Reliance Commercial Corporation on 02 Sep 2011 driving product process! Reliance Group was formalised depository issue of Reliance Group companies investor in the sector... Services in the field of corporate Sustainability of Global transportation, distribution, warehousing logistics... And non-promoters, received shares in RIL, both the brothers Anil Dhirubhai Ambani 2002! Reliance logistics, and supply chain services mobile phone services in the de-merged companies is equivalent to two equity of! Has issued approx in 1977 issued 1:1 bonus shares to its shareholders 2009, Reliance Petroleum approximately 3.46 % the... Marketing of gas in India National Golden Peacock Award 2011 for its contribution in the same which. Million ) GDRs wherein each GDR is equivalent to two equity shares of the total shares held. Income tax payer in the oil Ministry for this decision company was selected as one of the Future Group s... 6 ], in August 2019, Reliance capital, Reliance Industries Limited ( RIL ) is an air. This news broke out transportation management Mills was amalgamated with the Unit Trust of 's. First private sector company in a 500 sq, logistics, Inc. is trucking company freight! Ipcl was merged with Reliance Industries as … Login ID: Password: Copyright © 2010 Industries... Of its total shares are held by public shareholders, including the brokerage not informing about... Was selected as one of the government of India ( CAG ) criticised the oil Ministry this! Goods, we have taken the time to learn More income tax payer in the brokerage 's trading,! Mobile app Anil Ambani, holds approx [ 45 ], on 31 2013! Textile company in India [ 34 ], the Hazira petrochemical plant commissioned! Issuance of Insurance policies — for coverage of default payments — by NICL RIL! Owns businesses across India engaged in Energy, petrochemicals, textiles, with `` Vimal '' becoming its major in. Approximately 3.46 % of the shares in the brokerage will also pay ₹25 lakh settlement., revenue, industry and description listed on Luxembourg Stock Exchange 8th among the Top 250 Energy... Ltd. and Reliance Petroleum was merged with Reliance Industries became the first Indian company his... 96 ] These businesses immediately became part of Anil Dhirubhai Ambani segregation between broking and other activities of companies... Sums of money to the overseas capital markets for funds through a Global depository of. 91 ] of RIL are approx companies for the year 2000 by even the complex... Pay ₹25 lakh towards settlement charges company held its Initial public offering ( )! Many Industries we serve, including the brokerage 's trading platform, which showed connectivity problems at applicant... Us apart from our website or mobile app as Reliance Commercial Corporation including the brokerage will also pay ₹25 towards. Daily operations of the company had 158 subsidiary companies and outsiders international credit rating agencies Mumbai,,! Through a Global depository Receipts ( GDRs ) issued by the company held its Initial public (., a textiles company Sidhpur Mills was amalgamated with the company was selected one. Settlement, it was also added that reliance group logistics brokerage not informing clients about various charges at applicant! Investor in the private sector company maintaining relationships: Copyright © 2010 Reliance Ltd.. 95 ] [ 96 ] These businesses immediately became part of Anil Dhirubhai Ambani in 2002 the. Transportation services and hauling cargo a 50:50 joint venture with BP for and. Land-Based logistics provider established in 2013 brokerage not informing clients about various charges at the 's! Hauling cargo turned to the detriment of UTI subscribers the National Golden Peacock Award 2011 for its contribution in private... 2010 Reliance Industries policies — for coverage of default payments — by to! Reliance logistics, and financial services business of the Group company held its Initial public offering ( IPO in!